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Good morning,

Households in NSW will endure electricity price hikes of up to 9.1 per cent from the new financial year, as big users say bills will remain elevated until the end of the decade amid fresh concerns over a cost blowout to build major renewable energy and transmission projects. 

Meanwhile, a sacked private equity executive turned whistleblower who worked for Brookfield Asset Management in the US, has pleaded with Australian regulators to investigate his claim that Cbus was short-changed $US25m by the Canadian fund manager’s allegedly exploitative conduct.

And a $20m government audit of mobile phone coverage reveals there are swathes of Australia where a Telstra signal can only be accessed with an external antenna, in an apparent contradiction to the telco’s recently revised claims.

Vesna Poljak
Business editor
The markets


Making news this morning
1
Fortescue puts three cattle stations on chopping block
The Andrew Forrest-led Fortescue is looking to sell cattle stations it acquired in 2022 at the height of its plans to build vast wind and solar farms.
2
‘Insert AI into every class’ to build skills
A top AI executive has called on the government to substantially increase its investment in artificial intelligence education to maximise the massive potential it offers.
3
What now for ailing resource giants?
Our big five resources stocks – BHP, Fortescue, Rio Tinto, Woodside and Santos – have disappointed investors recently, and now face fresh challenges.
Editor's picks
MARGIN CALL
Brickbats or bouquets from Nats to Libs?
Is it true love? Or just a troll? Someone sent the Liberal Party a bucket of posies suggesting the two parties should once again hold hands.
By YONI BASHAN
EXCLUSIVE
Tasmanian fire-fighting start-up hits Hollywood
Tasmania’s Fire Foresight has attracted the attention of Los Angeles mayor Karen Bass after it built a new platform to detect bushfires earlier, thanks to artificial intelligence.
By JARED LYNCH
MARGIN CALL
Freezing orders on dodgy NDIS housing directors
The courts have finally taken action over allegations that dodgy NDIS housing developer Saorsa Health inappropriately blew millions of their investors’ cash.
By NICK EVANS
Commentary
‘Ruthless’ Brookfield bet big and lost it all on Healthscope
By ERIC JOHNSTON
Associate Editor
The hospital operator’s ills come down to financial engineering and Canberra is right to hold firm over any bailout.
Trump’s trade war re-escalation to test global rebound
By DAVID ROGERS
Markets Editor
The Trump administration has ramped up the trade war, threatening a 50 per cent tariff on European Union imports and 25 per cent tariffs on smartphones made outside the US.
DataRoom
Bidders pair up with investment banks for Healthscope sell-off
New names feature among those circling the private hospital operator now in the hands of receiver McGrathNicol.
Regis Resources bows out of $2bn gold mine contest: sources
Final bids for EMR Capital’s Queensland asset were due last week.
Australian float beckons for Greatland Gold
Virgin Australia and GemLife are not the only companies hitting the IPO runway, with Greatland Gold also preparing investors for its ASX listing next month.

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